Lagos, Nigeria – Average yields in Nigeria’s sovereign bonds rose sharply in the latest trading week as subdued domestic activity and a broader global bond selloff pushed returns higher. Data from the Financial Markets Dealers Association showed the average yield on Federal Government of Nigeria bonds increased to 16.13% from 15.46% two weeks earlier.
Okay News reports that the professional body of dealing members released the figures on Monday, March 9, 2026. The increase reflects weak trading volumes in the local bond market triggered by rising global tensions.
The latest figures highlight notable movements across Nigeria’s sovereign bond yield curve. The 1-year bond yield climbed sharply to 19.76% from 16.00%, representing the largest increase across the curve.
The 5-year bond yield rose to 16.02% from 15.78%. The 7-year yield increased to 15.86% from 15.59%. In contrast, the 3-year bond yield declined slightly to 15.61% from 15.74%.
The 30-year bond yield edged lower to 14.16% from 14.28%. The benchmark 10-year bond yield remained unchanged at 15.38%.
Short-term government securities also reflected shifting sentiment. The 12-month Treasury bill yield increased to 19.01% from 18.33%. The 9-month yield climbed to 18.26% from 18.17%.
The 6-month Treasury bill yield rose to 17.20% from 17.08%. Overall, the average Treasury bill yield moved up to 17.40% from 17.25%.
However, yields on shorter tenors declined slightly. The 1-month and 3-month Treasury bills fell to 16.26% and 16.25% respectively from 16.31% and 16.34%.
The broader trend indicates investors are demanding higher compensation for longer-duration instruments. This reverses part of the earlier rally in Treasury bills following recent interest rate adjustments.
The rise in Nigeria’s domestic bond yields coincided with a broader selloff across global bond markets. The United States 10-year Treasury yield increased to 4.09% from 4.02%.
The United Kingdom’s 10-year gilt yield rose to 4.50% from 4.30%. South Africa’s 10-year government bond yield jumped to 8.28% from 7.90%. Japan’s 10-year yield edged higher to 2.13%.
China’s 10-year bond yield declined slightly to 1.78% from 1.82%. Kenya’s 10-year yield remained broadly stable at about 11.50%.
The global uptick in yields reflects heightened investor caution amid geopolitical tensions and shifting expectations around monetary policy. These trends are influencing capital flows and fixed-income market conditions in emerging economies.
